Badger Explorer (BXPL) has received a letter of intent (LOI) from Statoil confirming its support BXPL's development program in 2016. The objective of the development program is to further develop, design and qualify technologies and solutions…
SeaBird Exploration has signed an addendum to the charter party relating to M/V Hawk Explorer to further extend the lease on current payment terms from 31 May 2016 to 28 February 2017. At the end of the lease, the company will have the…
Houston's Vantage Drilling has signed an agreement for a two-year extension of the ultra-deepwater drillship Tungsten Explorer contract. The contract, initially signed in 2013, and running from mid-2014 for two years, is now anticipated…
Norwegian technology firm Badger Explorer has signed a memorandum of understanding with China's CNPC DR, signaling the firm's intention to become a full partner in the Badger Explorer development program. The Badger Explorer is a…
Houston-based Vantage Drilling’s subsidiary Offshore Group Investment Ltd. (OGIL) filed for bankruptcy last week, in a debt-for-equity deal that will result in a reduced debt of about US$1.45 billion. The Titanium Explorer…
Badger Explorer and the University of Glasgow, supported by the Oil & Gas Innovation Centre (OGIC), will collaborate on the development of the Badger Explorer technology, a rig-less formation and reservoir evaluation tool. The device drills down to the target reservoir…
Amidst its international corruption investigation, Petrobras terminated its US$1.6 billion contract with Vantage Drilling for the use of the Titanium Explorer ultra deepwater drillship citing a breach in Vantage’s obligations under the contract…
Image: Integrity eXplorer cement evaluation service/Baker Hughes Baker Hughes announced the commercial release of its Integrity eXplorer cement evaluation service: a change…
SeaBird Exploration will now commence the Gigante survey for TGS Nopec, after receiving all necessary permits. The vessels Osprey Explorer and Hawk Explorer have commenced acquisition while Northern Explorer is currently mobilizing to Mexico…
As expected, Hercules Offshore Inc. plans to file for Chapter 11 bankruptcy protection next month as a final solution to its US$1.2 billion debt woes. The firm is one of the first to crash and burn as a result of insufficient cash flow due…
Vantage Drilling Co. retained Lazard Freres & Co. to offer advice with respect to financing and strategic opportunities. The board of directors has retained Lazard to evaluate financing opportunities, strengthen and expand management's analysis…
Badger Explorer (BXPL) signed an agreement with Statoil, whereby the Norwegian giant will sponsor the first phase of the Badger Explorer Development program. The objective of the development program is to further develop, design…
Hardfacing has been given a tungsten carbide boost thanks to chemical vapor deposition technology developed in Russia. Elaine Maslin explains. Hardide reactor loading to perform the CVD process…
Norwegian pilot drilling technology firm Badger Explorer has been awarded NOK7.9 million in funding after passing its latest milestones. The Badger Demonstrator Program started in 2012 and has been supported by Statoil, Chevron, ExxonMobil…
Keppel FELS Ltd., a wholly owned subsidiary of Keppel Offshore & Marine Ltd., is ready to deliver the Jindal Explorer, a KFELS B Class jackup drilling rig to Star Drilling Pte. Ltd., an associate company of India’s D P Jindal Group (Jindal)…
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